Stop Cash Shrink

An Alaska credit union wants to offer banking services to businesses in the state’s legal cannabis industry. Based in Anchorage, Credit Union 1 is starting a pilot program to learn more, and Credit Union 1 CEO James Wileman talked with Alaska Public Media’s Casey Grove about the program. Full Article / Source: www.alaskapublic.org

California would likely lose money and face overwhelming federal barriers if it tried to create a state-backed bank to help cannabis businesses navigate banking challenges, according to a report released by the state treasurer. The report puts an end for now to hopes the state could find a banking solution for marijuana businesses. Since marijuana

The push to create a public banking system for cannabis commerce in California fizzled Thursday after a state task force concluded that such a facility would be so legally risky and expensive it would be essentially unworkable. The 151-page feasibility report, commissioned by the 18-member Cannabis Banking Working Group, said it would take at least

California would likely lose money and face insurmountable federal hurdles if it tried to create a state-backed bank for the marijuana industry, according to a report released Thursday by the state treasurer. The report puts an end for now to hopes California could find a way to get around banking hurdles for marijuana businesses as

In 2016, a Republican sweep in races for Congress and the White House signaled the likelihood of changes in arcane banking regulations that elated Wall Street but were as familiar to the denizens of Main Street as the text of the Magna Carta or the 39 signatures on the U.S. Constitution. The results of last